Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (24064)	10/10/2002 1:08:08 AM
From: Snowshoe	Read Replies (1) of 74559

Is there a measurement of gold sales for luxury purposes chart somewhere? Mq, the gold market is divided between "fabrication demand" (jewelry, gold leaf, electronic parts, etc.) and "investment demand" (bullion, coins, etc). I'm too busy to look at it right now, but here is a Google search on those terms. As usual, some of these sites have a biased point of view... google.com Keep in mind that right now a lot of gold miners are delivering part of their production directly into the hedge book, rather than supplying it to the open market. Presumably this is all going into the government central banker vaults it was borrowed from. Sort of like extra bales of mohair, tubs of butter, and bushels of grain going into government agricultural surplus programs. The amount of gold going into the hedge books is about equal to the reduced demand so the price of gold is stable. But what happens when the miners finish unwinding their hedges? If demand doesn't increase by then, the price will surely fall!

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